• Granny Villas

What does $360k get you in OC?

The answer is not a lot.

The median price for a new home in OC reached a record $934k last October, while the median price for all homes in OC also hit a new record of $655k.

To address the need for multi-generational and affordable housing, a builder in Rancho Mission Viejo is offering 10 units for $359,818 in one of its new devlopments.

The simple units are about 700sq.ft., have an approximate 2% tax rate, and come with an HOA fee of up to $420/month.

Alternatively, you can build a 700sq.ft. Granny Villa for around half the cost - with no HOA monthly fees!

87 views0 comments